Energy, Energy Market, EU – Baltic States, Lithuania

International Internet Magazine. Baltic States news & analytics Wednesday, 20.06.2018, 22:02

Electricity price drops 27% in Lithuania in Jan y/y

BC, Vilnius, 15.02.2017.Print version
The average price of electricity in Nord Pool Spot's Lithuanian bidding area declined by 27% over the past year to 36.9 euros per megawatt-hour in January. M-o-m, the price climbed 6%, Litgrid said on Wednesday.

The power transmission system operator said that electricity consumption was up amid cold weather in January, while the production in wind power plants went down.

"As compared with December, Lithuania's electricity production declined by about a third, whereas it dropped by a fifth since last January. For the second consecutive month, the biggest share of electricity – 47% – is generated by wind power plants, while hydro electric power plants contributed 40% and thermal power plants were virtually idle. Meanwhile, thermal power plants accounted for more than half of electricity in the Baltic states, the output of hydro electric stations was down, dropping by 17% in Latvia alone," Litgrid said in a press release.

In January, Lithuania imported 81% of its electricity, with 17% of  imports  coming from Sweden, 42% from Latvia, Estonia and Finland, 4% from Poland and 37% from third countries.

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